DBS changed its Mutiplier plan

[eyz]

would like to know this too.

i am considering the $17 plan for $40kbcoversge.

i just signed up for cancercare today and application is pending. Any chance it will be considered as another category for next month's interest?

 

[heng_ah]

Totally not worth it to pay for the insurance anymore come Jan 2021.

 

[sansanjikikut]

Ya cancel insurance and investment better

 

[reddevil0728]

Really dropped the bomb, for my interest cat is directly drop a full 1%, quite shag.

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They lasted longer than the rest.

 

[cassowary18]

Huat ah.

Time to move money to Singlife liao

 

[highsulphur]

Sian but still works for me since no other better alternatives

 

[maumu]

Sian but still works for me since no other better alternatives

sad. but maybe it's time to relook at FDs... esp. for those of us who're not touching those $50k or $100k for this programme all these while.

 

[maumu]

Totally not worth it to pay for the insurance anymore come Jan 2021.

Ya cancel insurance and investment better

for those with $100k tier 4, still worth it right? $100 vs $33.33 per month...

 

[duhduhduh]

People who swop from OCBC to DBS.... now shift where? lol

 

[reddevil0728]

Where did u see this? Any source ?

Such thing will always be on their website one ma

 

[reddevil0728]

would like to know this too.

i am considering the $17 plan for $40kbcoversge.

When did tou sign up?

 

[reddevil0728]

Huat ah.

Time to move money to Singlife liao

That one may drop again lol.

 

[cassowary18]

That one may drop again lol.

Drop then drop lor... Now shifting money just requires a few clicks, I can move my money anywhere.

 

[Chua Zhiming]

No choice, loans IR drop so deposits IR gotta drop too. Surprised by the 40+% drops though.

maybe time to consider FDs again...

 

[highsulphur]

FD are dropping correspondingly too.

Despite all the noise and threats to move out, I suspect most will continue to stay given no better alternative at the moment

 

[reddevil0728]

No choice, loans IR drop so deposits IR gotta drop too. Surprised by the 40+% drops though.

maybe time to consider FDs again...

I wonder if it’s a deliberate tactic.

Seems like their past few drops more mild than uob and ocbc. To attract more depositers over.

Then after they secure many, they do a one-time big cut. Then those depositers maybe lazy to change again.

 

[iduncheckmail]

Top tier still not too shabby, 2% & 3%. Heng .

 

[OngHuatHuat]

Guess DBS also cannot earn money out of this low interest rate environment anymore. They are offering 1.5% fixed rate for 5 years home loan, how to sustain if they keep giving out high interest?

 

[maumu]

I wonder if it’s a deliberate tactic.

Seems like their past few drops more mild than uob and ocbc. To attract more depositers over.

Then after they secure many, they do a one-time big cut. Then those depositers maybe lazy to change again.

is not lazy to change. is nowhere else to change. after the big drop still edge above UOBOne/OCBC360.

1.2% for $100k for income + 3 cat.. (assuming tier 4: $5k to $15k transactions)
or 0.8% for $50k for income + 2 cat..
choose your poison.

somehow all these drops always hit the lower-middle bracket hardest and yet the higher bracket (eg. tier 6) still enjoying 2%+ rates. really sucks to be in the lower tiers -.-

 

[reddevil0728]

is not lazy to change. is nowhere else to change. after the big drop still edge above UOBOne/OCBC360.

1.2% for $100k for income + 3 cat.. (assuming tier 4: $5k to $15k transactions)
or 0.8% for $50k for income + 2 cat..
choose your poison.

somehow all these drops always hit the lower-middle bracket hardest and yet the higher bracket (eg. tier 6) still enjoying 2%+ rates. really sucks to be in the lower tiers -.-

it depends on the profile of the person also. DBS may not always be the best for everybody.

my lazy more like referring to. if the others are equally competitive/comparable, the difference might be too immaterial for them to change again.